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Supermarket supermerger
Today, Explained
Kroger, Albertsons, and Albertsons - It's a Big Deal
Kroger announced that it wants to buy its rival, Albertsons, for about $25 billion. Experts say the merger would give both companies more buying power. Kroger is second only to Walmart in terms of grocery sales. As part of the deal, Albersons will pay a special cash dividend up to $4 billion as of October 24th.
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